re: alphacenturian: target 27.5c? chart and analys The next HDR fundamental influence is likely to be drilling of Leafcutter (May?), and perhaps to lesser degree confirmation of Mauritania drill program.
Whilst a Leafcutter well failure will be received badly the well is not a company maker and shouldnt cause a major price fall. At the moment the price drift seems to be a result of lack of news (and terrible market) more than anything else.
Watching with interest as I will be a keen buyer in the lead-up to the next Mauritania campaign. The question is timing. In this market I think I will be leaving entry as late as possible. I wonder what a plummeting oil price would do for for Mauritania? What would the hurdle oil price be for a project development commitment?
acturtle
HDR
hardman resources limited
